Magazine article Public Finance

Mayo: Don't 'Taint' Mutuals

Magazine article Public Finance

Mayo: Don't 'Taint' Mutuals

Article excerpt

Ministers have been urged to adopt a new code of conduct governing public service mutuals to stop poor practice 'tainting' other firms in the sector.

Cooperatives UK, which represents mutual companies, said they were concerned that not enough of the government's flagship staff-owned public sector mutuals offered employees a 'genuine voice' in running the new businesses.

Around 70 mutuals have been formed through the government's Mutual Support Programme, Cooperatives UK said.

However, secretary general Ed Mayo warned the scheme could undermine the rest of the sector unless changes were made.

Although there have been examples of good practice when mutuals have been formed, Mayo highlighted issues such as the lack of a controlling stake for staff in some organisations as a concern.

Cooperatives UK has published a best practice guide with the Trades Union Congress after fears were raised that some mutualisations were 'forced through' against employees' wishes. …

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